On August 26, Jiefeng Power (920269.BJ) officially launched its subscription process on the Beijing Stock Exchange, with an offering price of 30.7 yuan per share. The maximum subscription limit stands at 444,900 shares, and the company carries a price-to-earnings ratio of 12.98 times. Guotou Securities serves as the sponsor institution for this listing.
According to the prospectus, Jiefeng Power focuses on the research, development, design, production, and sale of core automotive components, primarily in the areas of automotive exhaust systems and powertrain systems. The company operates mainly as a first-tier supplier, directly delivering products to vehicle manufacturers, with its key client base comprising well-known domestic and international automotive OEMs.
The company's primary product lineup includes exhaust system components, such as mufflers and three-way catalytic converters, as well as powertrain system components, including engine parts like phasers and OCV solenoid valves, along with automatic transmission parts such as accumulators, solenoid valves, and electromagnets. Jiefeng Power serves a diverse customer portfolio that spans prominent automotive manufacturers including Chery Automobile, SAIC Motor, Geely Automobile, Volkswagen, BYD, Dongfeng Motor, and JAC Motors, among other recognized names in the industry.
From a financial perspective, the company reported operating revenues of approximately 1.707 billion yuan, 2.1 billion yuan, and 2.373 billion yuan for the fiscal years 2023, 2024, and 2025, respectively. During the same periods, it recorded net profits of roughly 131 million yuan, 145 million yuan, and 147 million yuan.
Comments